Every agency has to start somewhere and TBOS has the expertise and know-how to help set up new recruitment businesses
When a recruiter decides to take the plunge and set up their own new recruitment business it can be a daunting task. Recruiters are fantastic at selling and recruiting, but they often have no idea of where to turn to or what needs to be done to ensure that their new recruitment agency is set up correct.
This is where TBOS can help. Over the past few years TBOS has helped to set up and run the back office of hundreds of new start-up recruitment agencies. TBOS understands the requirements to get a recruitment agency up and running, and our smooth processes allow us to get this done as quickly and compliantly as possible.
TBOS will help guide any recruiter through the set up process to ensure everything is understood and tailor make the agency from the beginning. By discussing what kind of agency the recruiter wants to create, TBOS can provide either TBOS Complete , TBOS Freedom or both services to ensure that all the funding and administration required is covered.
Some advantages of using the TBOS model for new start-ups:-
- The company is formed within 24 hours and can be registered to our office
- Bank account introduction and HMRC registrations completed
- Introductions to suppliers such as providers of Insurance, Contract Templates, Job Board Access, Websites, etc.
New start-up permanent agencies can take advantage of using the TBOS Complete model to handle all of their permanent placements, credit control, management reporting and end of year statutory work along with acting as the accounts department on telephone and email support. All of this can be done for a minimum annual fee of £3,000 which is cheaper than hiring a full time member of staff.
New start-up contract recruitment agencies can also take advantage of using the TBOS Complete model but the on the level of projected contract business in the first year will determine whether the TBOS Complete model or the TBOS Complete and TBOS Freedom model is more appropriate.
If the new start-up contract recruitment agency is projecting above £500,000 worth of turnover then the team at TBOS will help to arrange an invoice finance arrangement with their preferred suppliers, and once set up they will manage this facility under the TBOS Complete model. The TBOS Complete model will handle all the timesheet management, invoicing (contract/permanent), contractor payroll (PAYE/Umbrella/Ltd), credit control, management reporting and year end statutory work along with acting as the accounts department on telephone and email support.
If however the new start-up contract agency does not know, or want to set up their own invoice finance arrangement straight away, then the agency would use the TBOS Freedom model to fund and administer the contract placements whilst using the TBOS Complete model for their permanent and accounting needs of their agency.
Once the new start-up agency gets to the required level of turnover then the TBOS team will help the agency to get their own invoice finance arrangement in place and move them away from the TBOS Freedom model and only onto the TBOS Complete model.
Contact us for more help on how to start up your own recruitment agency.